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Small business demand lifts UPS Q1 profit, revenue up 27%
JOSEPH PISANI, AP Retail Writer
April 27, 2021
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A UPS driver delivers packages in Philadelphia, Monday, April 26, 2021. A surge in the volume of deliveries that arrived with the start of the pandemic has not eased at UPS, where consolidated average daily volume jumped 14.3% in the first quarter. The Atlanta company on Tuesday, April 27 posted earnings of $4.79 billion, or $5.47 per share.Matt Rourke/AP
NEW YORK (AP) Small businesses in the U.S. fueled demand for delivery, helping UPS post better-than-expected earnings and revenue for the first quarter of the year.
That sent the company s stock to an all-time high Tuesday.
Volume continues to surge at UPS to start the year
April 27, 2021
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A UPS driver delivers packages in Philadelphia, Monday, April 26, 2021. A surge in the volume of deliveries that arrived with the start of the pandemic has not eased at UPS, where consolidated average daily volume jumped 14.3% in the first quarter. The Atlanta company on Tuesday, April 27 posted earnings of $4.79 billion, or $5.47 per share.Matt Rourke/AP
ATLANTA (AP) A surge in the volume of deliveries that arrived with the start of the pandemic has not eased at UPS, where consolidated average daily volume jumped 14.3% in the first quarter.
The Atlanta company on Tuesday posted earnings of $4.79 billion, or $5.47 per share. Per-share profits with one time gains or losses removed were $2.77 per share, far exceeding Wall Street projections for $1.67, according to survey by Zacks Investment Research.